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The post UK treats crypto network like a sanctioned bank after claims it processed $90B for Russia appeared on BitcoinEthereumNews.com. Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions. And according to British authorities, Russia may have spent much of that same period engineering an alternative financial system designed to circumvent it entirely. On May 26, the UK’s Foreign, Commonwealth & Development Office sanctioned 18 entities and individuals, including Huobi (HTX), a Justin Sun-advised exchange that processed $3.3 trillion in trading volume in 2025, and a Kyrgyzstan-linked stablecoin issuer, for allegedly helping Russia evade Western restrictions. What distinguishes this package of sanctions from previous attempts is the legal instrument Britain reached for. For the first time, the UK appli
Read full articleFederal Reserve governor Christopher Waller told a conference on Sunday that stablecoins expand the reach of US policy while the Bank of England’s Megan Greene expects their popularity will soon fade.
The post A Baltic Pressure Campaign For President Trump To End Russia’s War appeared on BitcoinEthereumNews.com. Netherlands F-35 aircraft and ships during Operation ‘Baltic Sentry’ Royal Netherlands Navy The Strategic Opportunity President Trump has an opportunity to accelerate an end to Russia’s war against Ukraine. Drawing on the logic of his pressure campaign against Iran, he could initiate a Baltic air and maritime pressure campaign that incentivizes Vladimir Putin to move to the bargaining table. The United States need not choose between accepting stalemate, providing aid to Ukraine indefinitely, or escalating directly against Russian forces. It can instead lead NATO and EU partners in a disciplined sanctions-enforcement campaign in the Baltic Sea that takes action on the vessels, cargoes, port services, insurance arrangements, and financial networks that are sustaining Russia’s war machine. That is the central strategic point: a Baltic Sea pressure campaign would give Washington
The post Can Russia Exploit XRP Ledger? Ripple CTO Emeritus Addresses Geopolitical Security Risks appeared on BitcoinEthereumNews.com. Ripple CTO Emeritus David Schwartz weighed in on how resilient the XRP Ledger is to nation-states interfering with blockchain networks this week. His remarks responded to queries of Russia using the XRPL to bypass traditional systems. David Schwartz Responds To Fears of Russia Exploiting XRP Ledger One X user wrote, “I am concerned about geopolitical security. How resilient is the XRPL consensus mechanism against state-level interference? They also asked, “Could an authoritarian regime like Putin’s co-opt or disrupt the UNL/validator network to weaponize the ledger?” In response to the conversation, Schwartz agreed that governments might be able to pose short-term issues to blockchain networks. However, he noted that such disruptions may not cause long-term harm. “It would not surprise me if state level actors could cause temporary disruptions of blockc
Businesses operating in the United Kingdom must now freeze assets and transactions connected to the sanctioned platforms.
Aave’s UK subsidiaries Push Labs Limited and Push Virtual Assets Limited secured FCA crypto registration. The approval creates a dual regulatory structure combining crypto exchange and EMI authorization in the UK. Push will launch zero-fee pound-to-stablecoin on-ramps and off-ramps for UK users. Aave Labs has won two licenses in the UK, a significant milestone for […] The post Aave Labs Secures Dual UK Licenses for Crypto Payments Push appeared first on Live Bitcoin News.
The post Aave Labs’ Push Gains UK FCA Crypto Registration appeared on BitcoinEthereumNews.com. Aave Labs’ UK subsidiaries, Push Labs Ltd. and Push Virtual Assets Ltd., known together as Push, received Financial Conduct Authority (FCA) cryptoasset registration as cryptoasset exchange providers under the UK’s current Anti-Money Laundering regime. The registration was obtained for “certain cryptoasset activities” and supports the decentralized finance (DeFi) company’s plans to build regulated stablecoin on- and off-ramping infrastructure in the country, Aave said Thursday. Aave Labs’ Push describes itself as a “simple way to move between Euros and stablecoins,” according to its homepage. The FCA’s online registry shows that the London-headquartered firm has been registered with the regulator since May 12. The regulatory greenlight allows the subsidiary of the largest decentralized lending protocol to develop its on- and off-ramping stablecoin infrastructure under regulatory permission in
The post UK targets Russian sanctions evasion in digital asset sector appeared on BitcoinEthereumNews.com. Homepage > News > Business > UK targets Russian sanctions evasion in digital asset sector The United Kingdom’s Foreign Secretary, Yvette Cooper, has announced new sanctions targeting digital currency in a bid to shut off “financial lifelines that sustain Putin’s war machine,” including adding digital asset exchange HTX to the country’s list of sanctioned entities over its support of Russia. On May 26, the U.K. Foreign Office revealed it would be ramping up measures against digital asset networks used to bypass Britain’s sanctions, in an effort to prevent Russia from exploiting the sector to circumvent the heavy economic sanctions placed on the country since its illegal invasion of Ukraine in February 2022. “If the Kremlin thinks it can evade our sanctions by hiding behind crypto networks and shadow financial systems, it is gravely mistaken,” Foreign Secretary Cooper said in a May
Newly appointed chief secretary to the Treasury Lucy Rigby wants to roll out technology across Whitehall
